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BTCUSD bounced back and stayed above key levels, suggesting a possible move higher.

📈If BTCUSD breaks above 100,000, it could climb toward 105,000.
📉If it drops below 91,000, it might test the support at 85,000.

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The pair recently dropped sharply, hitting 1.0330—a two-year low. The 21-day moving average (EMA21) is moving further below the 78-day moving average (EMA78), signaling strong selling pressure.

📉 If EURUSD falls below 1.0330 and breaks out of the downward channel, it could drop further toward 1.0000.

📈 On the other hand, if it climbs above 1.0540 and EMA21, it might start heading up to 1.0670.

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Welcome to the market outlook for November 26th, 2024, with Inki Cho, Senior Financial Market Strategist at Exness. In this video, we analyze the latest market trends and key developments:

- Scott Bessent Appointed Treasury Secretary: What this means for U.S. fiscal policies and market stability.
- U.S. Stock Market Surge: Optimism around the S&P 500 and a potential Thanksgiving rally.
- NVIDIA’s Strong Performance: Insights into Q3 results and Wall Street projections.
- Inflation & Fed Rate Outlook: How rising inflation expectations could impact future rate cuts.

Watch the full analysis here: https://youtu.be/lIWDu3Gpqcs

#MarketOutlook #SP500 #NVIDIA #Inflation #FedPolicy #ExnessAnalysis

Welcome to the market outlook for November 21st, 2024, with Li Xing Gan, Financial Market Strategist Consultant at Exness. In this video, we provide a technical analysis on USOIL, XAUUSD (Gold), and BTCUSD (Bitcoin):

- USOIL: Key support and resistance levels identified as oil prices fluctuate.
- Gold (XAUUSD): Analyzing gold's price action and market trends.
- Bitcoin (BTCUSD): Technical outlook on Bitcoin, focusing on critical levels.

Watch the full analysis here: https://youtu.be/AAUX3J3IxN0

#MarketOutlook #USOIL #Gold #Bitcoin #TechnicalAnalysis #ExnessAnalysis

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BTCUSD has been going up after breaking out of an upward trend. The price has been reaching higher levels, which could mean it might go even higher.

If BTCUSD stays above 93,000, the price could rise to 100,000.

But if it falls below 93,000, it might drop to the next support level around 85,000.

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Welcome to the weekly market outlook for November 19th, 2024, with Inki Cho, Senior Financial Market Strategist at Exness. In this video, we dive into the latest inflation data, Fed rate expectations, and Nvidia’s upcoming earnings report.

- Market Insights: Understand how inflation trends and the Fed's stance are shaping the dollar, Treasury yields, and the broader market.
- Nvidia Earnings: Discover why Wall Street is closely watching Nvidia's guidance and its potential impact on the stock market.

Watch the full analysis here to stay ahead of market trends: https://youtu.be/w43kMhkh2EQ

#MarketOutlook #InflationData #FedRates #NvidiaEarnings #ExnessAnalysis #TradingInsights

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After testing a trend line, USOIL advanced to 69.00. However, the price remains below both EMAs and still maintains bearish momentum.

If USOIL breaks below the trend line again, the price could fall further to the support at 64.80.

Conversely, if USOIL breaches above EMA21 and the 70.00 threshold, the price could gain upward momentum toward the resistance at 73.30.

Learn more here: https://exness.social/4eEm25C

Welcome to the weekly market outlook for November 14th, 2024, with Li Xing Gan, Financial Market Strategist Consultant at Exness. In this video, we analyze USOIL, XAUUSD (Gold), and BTCUSD (Bitcoin) from a technical perspective.

- Key Levels & Scenarios: We dive into crucial support and resistance levels, exploring potential market movements across different timeframes.
- Oil, Gold, and Crypto Trends: Gain insights into the latest price actions and chart patterns to help you navigate volatile markets.

Watch the full analysis here to refine your trading strategy: https://youtu.be/AdpygYR7ye0

#MarketOutlook #TechnicalAnalysis #USOIL #Gold #Bitcoin #ExnessAnalysis #TradingInsights

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BTCUSD extended its rally before paring recent gains. The higher swing points and the widening gap between both EMAs indicate its strong bullish momentum.

If BTCUSD sustains its bullish momentum above the support at 85000, which coincides with the 23.6% Fibonacci Retracement and 127.2% Fibonacci Extension, the price could rise towards the resistance at 95000.

Conversely, a break below the support at 85000 could prompt a deeper retracement to the 38.2% Fibonacci Retracement and support at 80000.

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After breaking the 70.00 threshold, USOIL retreated to 68.00. Both EMAs widened the gap, indicating a continuous bearish momentum.

If USOIL breaks the trendline, which has extended since mid-Sep, the price may fall further to this year's low of 64.50.

Conversely, if USOIL breaches the resistance at 70.00, where EMA21 coincides, the price could gain upward momentum toward 73.50.

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Welcome to the weekly market outlook for November 12th, 2024, with Inki Cho, Senior Financial Market Strategist at Exness. We dive into the latest market reactions following the recent US presidential election:

- US Stock Market Surge: The "Trump Trade" drives the dollar, Bitcoin, and US stocks to new highs, with $12B inflows into ETFs.
-S&P 500 Outlook: Wall Street eyes 6,100 by year-end, spurred by tax cuts and deregulation.
-Bitcoin Soars: Hits $88K on pro-crypto sentiment, though overbought signals caution.
-Dollar & Fed Moves: Dollar peaks amid inflation worries and possible Fed rate cut delays.
-October CPI Expectations: Projected rise to 2.6%, potentially influencing Fed decisions.

Watch the full analysis here: https://youtu.be/2KcjCHQU5Dw

#MarketOutlook #BitcoinSurge #TrumpEffect #USElections #S&PForecast #ExnessAnalysis

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GBPUSD briefly plunged to 1.2835 after breaking the support at 1.2870. EMA21 is widening the gap with EMA78, sending a clear bearish signal.

If GBPUSD maintains a downtrend within the descending channel and breaks 1.2870 again, the price may fall further to 1.2730.

Conversely, if GBPUSD breaches the channel’s upper bound and the 1.3000 threshold, the price could gain upward momentum toward 1.3170.

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Crypto traders are celebrating .. are you?

- #BTC up 9% (Reaching a new all-time high at $75,400
- #ETH hits $2,630
- #SOL reached $188

#USAElection2024 #Trump2024 #btc

It's settled.. #BTC and Cryptocurrencies fly with Trump’s victory in the US elections.

#USAElection2024 #Trump2024 #btc

Market Updates - 06/11

🚨 US Dollar rallies as Donald Trump remains on track to win presidency

🚨 Gold price hammered down to multi-week low as Trump victory triggers sharp USD rally

#forex #gold #EURUSD

Join Inki Cho, Senior Financial Market Strategist at Exness, for this week’s market outlook as we examine how the approaching US presidential election is stirring volatility across global markets.

- Election-Driven Volatility: With the election just a day away, markets are reacting to shifting expectations around potential winners and policies.
- US Labor Market Concerns: October’s Non-Farm Payroll (NFP) report shows a sharp downturn with only 12K jobs added, far below last month’s 223K.
- Trump vs. Harris Trades: Market sentiment shifts as unexpected poll support for Kamala Harris reverses “Trump trades,” impacting the dollar, Treasury yields, and Bitcoin.
- Berkshire Hathaway’s Conservative Moves: Warren Buffett’s pivot away from risky assets signals added caution and impacts overall market sentiment.
Stay informed and navigate these crucial events with confidence.

Watch the full video here: https://youtu.be/n94sqCY2VL0

#MarketOutlook #USElection #TrumpTrade #USLaborMarket #BerkshireHathaway #ExnessAnalysis #FinancialMarkets

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BTCUSD fell to 68000 after breaking EMA78. However, the price still remains within the ascending channel, sustaining its uptrend.

If BTCUSD breaks the ascending channel’s lower bound and the support at 65400, the price may fall further to 60280.

Conversely, if BTCUSD holds above EMA78 and continues its uptrend within the channel, the price could gain upward momentum toward the previous high of 73720.

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Learn more here: https://exness.social/4eEm25C

Stay ahead of market swings with the latest insights and prepare your strategies as market conditions shift.

In this video, we break down the current volatility levels and what to watch for in the coming days: https://www.youtube.com/shorts/MSLoe3x39vo

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XAUUSD pared recent gains following a retreat below the ascending channel's upper bound and 2790 resistance zone. The price remains in an uptrend, holding above both EMAs and with higher swing points seen.

If XAUUSD regains its bullish momentum and breaks above 2790, the price could rise toward the next potential resistance at 2860, which coincides with the 78.6% Fibonacci extension.

Conversely, a deeper throwback toward the 2680 support might occur if the XAUUSD closes below its EMA21.

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BTCUSD Technical Analysis with Li Xing Gan, Financial Market Strategist Consultant at Exness:

- BTCUSD Key Levels: Highlighting important price points for traders to watch.
- Potential Scenarios: Exploring possible moves and implications for BTCUSD.
- Multi-Timeframe Analysis: Comprehensive look across timeframes to enhance your strategy.

Watch the full update here: https://youtu.be/MzPv6P1t1iI

Get ahead with expert insights for today’s market!

Don’t forget to subscribe for more analysis from Exness.

#BTCUSD #TechnicalAnalysis #Exness #CryptoMarket #TradingInsights

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BTCUSD extended its rally, with a widening gap between the EMAs indicating potential for further gains. However, it is worth noting that the price is currently testing the upper bound of the ascending channel near 72,800, which coincides with the 100% and 78.6% Fibonacci extensions.

If BTCUSD retreats below 72,800, the price could retrace toward the 69,000 resistance-turned-support zone.

Conversely, if BTCUSD sustains its bullish momentum with a bullish breakout of the channel and 72,800 resistance, the price could extend gains toward the 100% Fibonacci extension at 75,800.

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Welcome to the weekly market outlook for October 29, 2024:

- US Economic Resilience: Durable goods orders rise by 0.5%, challenging fears of a downturn and supporting a stable economic environment.
- Global Oil Prices: Significant declines amid geopolitical tensions and improved supply outlooks.
- Japan’s Political Uncertainty: A recent election defeat leads to a weakened yen and raises concerns about future economic stability.

Watch the full analysis here: https://youtu.be/BXoeFonh61M

Tune in for insights on these trends and their potential impact on your trading!

Don’t forget to subscribe for more market updates from Exness.

#MarketOutlook #ExnessMarketAnalysis #USEconomy #OilPrices #JapanEconomy #TradingInsights

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USOIL extended its decline following a breakout of the ascending trendline. The widening gap between the EMAs highlights the bearish momentum and potential for a further decline.

If USOIL breaks below 66.80, the price could weaken toward the following support and swing low at 65.00.

Conversely, a rebound above 66.80 could prompt a retest of the breakout zone and EMA21 dynamic resistance near 69.50.

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Welcome to the weekly market outlook for October 25, 2024:

- US Economic Confidence: Strong retail sales and labor data boost GDP expectations to 3.4%.
- 10-Year Treasury Yield: Rising despite the Fed’s recent rate cut, with potential impacts from a Trump presidency on inflation and fiscal policies.
- Tesla Q3 Performance: Stocks soar over 20% after an earnings surprise and plans to ramp up vehicle production.

Watch the full analysis here: https://youtu.be/_h5evSbi7DA

Tune in for insights on these trends and their potential impact on your trading!

Don’t forget to subscribe for more market updates from Exness.

#MarketOutlook #ExnessMarketAnalysis #USEconomy #TreasuryYield #TeslaStock #TradingInsights

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EURUSD rebounded to 1.0820 after testing the support at 1.0780. The price breached the descending channel’s upper bound and EMA21, awaiting an upward trigger for further upside.

If EURUSD sustains its uptrend and surpasses EMA78, the price may gain upward momentum to 1.0940.

Conversely, if EURUSD re-enters within the channel and breaks 1.0780, the price could fall further to the support at 1.0670.

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USDJPY sustained its uptrend and rose to 152.50. After breaching the ascending channel’s upper bound, the price maintains bullish momentum once rose above the 153.00 threshold.

If USDJPY holds above the channel’s upper bound, the price could test the resistance at 154.00.

Conversely, if USDJPY fails to hold above the channel's upper bound and EMA21, the price may fall further to 150.80.

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USOIL consolidated between the 68.80 - 70.50 range following a bounce above the ascending trendline.

If USOIL breaks above 70.50, the price could extend gains toward the following resistance at 75.00.

Conversely, a bearish breakout of the ascending trendline and 68.80 support could prompt a further decline toward 66.80.

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Learn more here: https://exness.social/4eEm25C

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XAUUSD extended its rally following a breakout of its recent high at around 2685. The price remains within an ascending channel, with a widening gap between the EMAs highlighting the potential for further gains.

If XAUUSD sustains its bullish momentum and breaks above 2720, the price could rise toward the 161.8% Fibonacci extension near 2750.

Conversely, if XAUUSD retreats below 2720 resistance, the price could retrace toward the 2685 support zone, which coincides with the channel's lower bound.

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Learn more here: https://exness.social/4eEm25C

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BTCUSD extended its rally within the ascending channel. The price is approaching the channel's upper bound and Fibonacci confluence near 69800.

If BTCUSD retreats below 69800, a retracement toward the 65000 support might occur, with a breach below 65000 prompting a further decline toward 60000.

Conversely, a break above the 69800 resistance and the channel's upper bound could see BTCUSD extend gains toward the daily swing high near 72000.

Swipe to read additional global market news 🌍📰

Learn more here: https://exness.social/4eEm25C

The US presidential election is more than just a political race–it's a market-moving event.

Watch this video to find out how and why the US elections can affect the global financial markets.

Trading is risky. Excess volatility increases risks further. Be cautious.

As with all major economic releases, there could be significant price volatility with this type of announcement. Volatility may work against you as well as for you.

Watch here: https://www.youtube.com/watch?v=HW_iB7Zi5Bo

Are you buying or selling?
USOIL rebounded above the 72.50 support, ascending trendline, and closed above both EMAs, indicating the potential for further gains.

If USOIL sustains its bullish momentum, the price might rise further toward the 78.00 resistance and 161.8% Fibonacci extension.

Conversely, a break below 72.50 and a breakout of the ascending trendline could prompt a further decline toward the next potential support at 68.80.

Swipe to read additional global market news 🌍📰

Learn more here: https://exness.social/4eEm25C

Your strategy deserves tighter spreads.
So that’s what we give you.

Over the past three months, we’ve reduced our gold spreads by 20% 🚀. When you trade with Exness, you trade with the best spreads on gold, period.

*Best spreads refer to the average or maximum spreads offered by Exness, excluding agents’ commissions for XAUUSD, for the first two seconds after high-impact news, from January to May 2024, compared with five other large brokers.

Learn more here: https://exness.social/4eEm25C

Today’s focus: GBPUSD

US 🇺🇸
- The stronger-than-expected US Sep CPI at 2.4% YoY (prev. 2.5%, cons. 2.3%), and the core CPI rose to 3.3% (prev. and cons. 3.2%), signaling a less dovish stance for Fed policy.
- Comments from Atlanta Fed President Bostic suggested similarly. Meanwhile, weekly initial jobless claims increased by 33k to 258k, indicating a softer labor market.
- CME FedWatch Tool showed the markets pricing in the 0.25% rate cut at the next meeting at 83%, which supports the dollar.

Japan 🇯🇵
- The yen traded in tandem with the dollar amid a lack of significant economic data. The yen is now primarily driven by Fed rate cut expectation shifts, which have stalled due to a robust US labor market and sticky core CPI, indicating the Fed may keep interest rates higher.
- Uncertainty regarding the BoJ's rate hike plans could weaken the yen in the short term.

Eurozone 🇪🇺
- The euro experienced significant volatility yesterday despite Germany reported optimistic retail sales growth of 1.5% in Jul and 1.6% in Aug, alongside the release of US CPI data.
- Meanwhile, expectations for a decline in Germany's Sep CPI to 1.6% could strengthen the case for an ECB rate cut next week, potentially exerting additional downward pressure on the euro.

UK 🇬🇧
- The pound traded flat amid limited releases, with volatility from stickier US inflation and labor data impacting Fed rate cut prospects. UK Aug GDP figures will likely rise to 0.2% MoM, with anticipated rebounds in Manufacturing and Industrial Production to 0.2%.
- The pound outlook remains cautious ahead of these releases.

Oil 🛢️
- Oil prices gained marginally, raising concerns over potential disruptions to crude supplies from the Middle East. Additionally, a severe hurricane in Florida has driven up gasoline demand, with nearly a quarter of fuel stations running out of supplies.
- However, the World Bank's projection of a slower growth rate for China in 2024 due to weak consumer spending may dampen bullish sentiment and cap some gains.

Bitcoin 
- Bitcoin remains below the average cost basis of 62,500 USD for short-term holders, indicating increasing pressure on short-term buyers.
- The short-term holders' net realized profit indicator exceeding the upper bound of the statistical band suggests increasing profit-taking. ETFs saw net withdrawals of 70.3 mln USD, mainly from ARKB and FBTC.

11/10/2024 - DAILY MARKET UPDATES & ANALYSIS

Welcome to the Weekly Market Outlook with Inki Cho, Senior Financial Market Strategist at Exness:

- Chinese Stimulus: Rate cuts and reserve adjustments push the Hang Seng Index to a 17-month high, with real estate revival efforts underway.
- Eurozone Inflation: Dips below the ECB’s target, raising expectations of rate cuts as Germany, France, and Spain report lower CPI figures.
- Fed Chair Powell: Signals caution on rate adjustments, highlighting a strong US economy and potential future cuts.

Watch the full update here: https://www.youtube.com/watch?v=X-w0PSRghn0

Stay informed and empowered for successful trading!

Don’t forget to subscribe for more market updates from Exness.

Today's focus: EURUSD

US 🇺🇸
- The dollar strengthened after Fed Chair Jerome Powell struck a more hawkish tone, leading traders to scale back expectations of another 0.50% rate cut at the next meeting.
- Powell mentioned that recent data revisions on growth, savings, and income had reduced some of the downside risks the Fed was monitoring. If the economy performs as expected, Powell expects two more rate cuts totaling 0.50% this year but warned that housing services inflation could take years to cool.
- Following his remarks, traders lowered the likelihood of a 0.50% cut in Nov to 35.4%, down from 37% before the speech and 53.3% on Fri, according to CME's FedWatch Tool.

Japan 🇯🇵
- Japan's preliminary Sep Industrial Production declined by 3.3% MoM (prev. 3.1%), indicating weaker demand from major trading partners.
- However, preliminary Aug Retail Sales surged by 2.8% YoY, marking the fifth consecutive month of positive MoM growth. This development could further bolster the BoJ's confidence in raising interest rates, potentially strengthening the yen.

Eurozone 🇪🇺
- Germany's Preliminary Sep CPI declined more than expected to 1.6% YoY, down from the previous 1.9%.
- Additionally, the market anticipates the Eurozone's preliminary Sep CPI to fall to 1.9% YoY (prev. 2.2%), marking the first time below 2% since Jul 2021 and aligning with the ECB's target.
- The focus now is economic growth, especially in the US, which will complicate the euro's direction.

UK 🇬🇧
- The pound held steady despite the revision to 0.5% from 0.6% UK GDP growth for 2Q, following 0.7% in 1Q.
- At the same time, UK business optimism has been at its lowest since late 2022. However, BoE policymaker Megan Greene noted that while service price inflation at 5.6% is concerning, overall signs remain positive, supporting the pound.

Oil 🛢️
- Oil prices remained subdued despite rising geopolitical tensions. Meanwhile, China's factory activity continued to contract, and the services sector slowed in Sep. The Nonmanufacturing PMI also signals declining construction and services activity. Given these factors, the oil outlook remains mixed, pending the outcome of the OPEC+ meeting this week to determine the market's direction.

Bitcoin 
- Following Ishiba's surprise victory as Japan's incoming PM, the Nikkei dip extended to bitcoin.
- The net flows did not show significant dynamics despite investors depositing their bitcoin for short-term trading. After substantial investments in spot bitcoin ETFs, investors redeemed 10.9 mln USD. As Oct starts, investors may be more optimistic for the 'Uptober'.